New York Markets After Hours

Mirant swings to a second-quarter loss

ChristopherHinton

NEW YORK (MarketWatch) -- Mirant Corp.
MIR, +25.00%
said Friday it swung to a second-quarter loss of $263 million, or $1.81 a share, from a profit of $163 million, or $1.12 a share, in the year-ago period. On an adjusted basis, the Atlanta utility company said it earned $46 million, or 32 cents a share. Adjusted earings excludes unrealized losses, the MC Asset Recovery settlement with Southern Co.
SO, -0.49%
in 2009 and other items. Analysts polled by FactSet Research were looking for a profit 31 cents a share. Shares of Mirant closed Thursday at $10.88, up less than 1%.

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